‘Arthur’s rubber stamp’: Market Basket board cans final Demoulas ally

TEWKSBURY, Mass. (WPRI) — Suspended Market Basket CEO Arthur T. Demoulas’ three sisters have ousted his last remaining ally from the supermarket chain’s Board of Directors, 12 News has learned.

In a statement issued Monday, Bill Shea announced that Demoulas’ sisters — Frances Kettenbach, Glorianne Demoulas Farnham and Caren Demoulas Pasquale — voted earlier this month to remove him the board after 26 years of service.

The board now consists of Jay Hachigian, Steven Collins and Michael Keyes, who were each appointed by Demoulas’ sisters…

Story continues

TRENDING NOW

LATEST LOCAL NEWS